Member Info for mrtibbles

Hi 600LT,
Nails on the head, nails on the head!

Hi Rebess,
Quite agree, the buggers that have been running the manipulation scam for so long are bound to already have a contingency plan , cant see them giving up such a nice little earner just because of some new regulations coming into force!

Fair comment Steve, I stand corrected, slightly lightly less waffle and a bit more time to reconsider options.

Obviously no fear of a straight answer then?
Kicking the can down the road and hoping things may turn out alright?
Doesn't exactly inspire any confidence in their monetary policy!
I wonder if our Boris Johnson has been giving them lessons on how to waffle?

Quite so Candid a 50% chance of either!
So many traders/investors never seem to consider if the majority of analysts, brokers and other market experts were so good shouldn't they have followed their own advice become very rich and sailed off into the sunset?
Of course the same can be said about so many other professions and walks of life!

Hi Candid,
if only there were a reliable way of predicting the future, let alone the prices of anything, including gold, wouldn't we all be rich, never take a wrong foot,etc,etc.
However there is'nt is there, even with the sophisticated market charts and hedge fund algorithmic boxes so much of how things work out is down to chance, fate and to some ,extent the control the corrupt buggers (shadows) have over the levers behind the scenes the world over.
That chart is interesting, though I wouldn't put too much faith in it and my advice to anyone is stay away from CFD trading at all costs irrelevant of what any chart predicts because over time 75% of small traders lose far more than than they ever gain!
Be nice to have had a crystal ball that would have predicted that crack appearing in the open pit wall, but then the independent reports of 2015 & 2018 warned of the glossing over of the the true grade structure of Sukari, yet many of us chose instated to believe the assurances of Andrew Pardey that all was well and 550-600,000 oz year on year were going to be the new norm, because that's what we wanted to believe and in a perfect world that should have been the case!
But in reality the warnings that all was'nt well, that the low grades were being glossed over and even worse as a result the pen pit was'nt being cleared of waste were justified!
Oh is'nt hindsight great thing, or even having a CEO who is truthful!
So it come down to is having the integrity face the facts and to tell the truth, otherwise all the glossy predictions on the future output are meaningless, although even if the truth is told in all good faith and especially in precious metals mining there is always the unpredictable occurrences of fate!
I wouldn't waste too much time and effort trying to predict predict future guidance or place too much faith in the majority of analysts notes, what will be will be, although having a CEO with the professional ability to do what needs to be done and the integrity to face and deal with the facts as they are can only be good for the future prospects of Centamin and its share holders.

p.s.
If only the the UK electorate had access to that crystal ball I am certain that Brexit wouldn't have happened and certainly Boris wouldn't be prime minister, but unfortunately the masses chose to believe the crock of sh*t they were being told at the time because it suited them!

I think it's pretty obvious that mankind's selfishness, greed and exploitation is responsible for most of the environmental damage to our planet.
I fail to see how a massively reduced human population could be anything other than a great help to preserving the planet.
Especially if the virus could wipe out most of the corrupt buggers that control some countries at present!
It's no good trying to control the spread by just inoculating those in the countries that can afford to pay for vaccines , the people in the poorer countries need vaccinating as well, otherwise we shall all be existing in masks and reoccurring lock downs.

Hi Canetoad,
No certainly not bearish on gold because according to a wholesale trader I know physical demand is still strong and there is an increasing lead time at refiners.
It seems from the evidence available to wholesalers that the POG is being held back by those who control the levers to allow the unwinding of paper positions prior to next year.

Gold ain't going anywhere much until those with the biggest levers take the brakes off and that most probably wont be anytime soon!

Our planet has been almost completely ruined and so many species of driven to or on the brink of extinction by the greed and excesses of mankind, possibly it would be justice and may even save the planet if the virus eradicated the species that has some misguided cense of being more important than any other species?
In the meantime our richest nations and their corrupt and greedy political masters have the opportunity to tackle the pandemic and bring about change for the better by forgetting the cost & profit involved and instead start sending free vaccines to all the countries that don't have access to them at present!

Wall Street Breakfast
The newly discovered Omicron coronavirus variant has the world on edge, with a lot of questions surrounding its infectiousness, ability to cause serious disease and to what degree it's able to evade the immune response from prior infection or vaccination. The strain first identified in South Africa was dubbed a "variant of concern" last week by the World Health Organization, sparking fresh worries it could prolong the nearly two-year COVID-19 pandemic. While no cases of this variant have yet been identified in the U.S., the CDC is "continuously monitoring" the situation and many say it is only a matter of time.

Snapshot: The Omicron variant has about 50 mutations, more than 30 of these are on the spike protein that allows the virus to bind to human cells. The receptor-binding domain (i.e. the part of the virus that first makes contact with our cells) also has 10 mutations, which is far greater than just two for the rapidly spreading Delta variant. The high level of mutation means that Omicron likely came from a single patient who could not clear the virus, giving it the chance to genetically evolve (a similar hypothesis was proposed for the Alpha strain).

Meanwhile, the first South African physician to raise the alarm over Omicron has called its symptoms unusual but mild. For example, none of her patients experienced a loss of taste or smell, considered as hallmarks of the disease, but rather showed up with body aches and "feeling so tired," according to Dr. Angelique Coetzee. Other South African scientists and health officials have also said there were no signs so far that Omicron led to more serious illness.

Go deeper: Americans need to be prepared to do "anything and everything" to fight the Omicron variant, White House chief medical advisor Dr. Anthony Fauci said Sunday, adding that it's still "too early to say" whether lockdowns or new mandates will be appropriate. More definitive information would become available in about two weeks, though it is important to take note that other "variants of concern" - like South Africa's Beta and Brazil's Gamma - did not take off around the world as initially feared. "There are lots of unknowns," added Sharon Pea****, director of the COVID-19 Genomics U.K. Consortium. "It's so important to stress how much we don't know at the moment about this new variant."

Hi Candid,
I'm sure you realise that I'm not critical of your investment strategy because it is just that and it obviously suits your purpose and needs, nothing wrong with that.
In my opinion many short term traders are often just gamblers, although many of them can't be bothered to study the form of their chosen mount in any detail before placing their bet!
Your sons are indeed fortunate to have a father so committed to their future financial well being, the way parents and indeed grandparents support their children and grandchildren in so many ways is all too often forgotten by our politicians and the media when they refer the younger generation paying for the benefits enjoyed by the baby boomers!
That aside though past production of over 500,0000 ozs in some years has only been achieved by "High grading" and was only possible in the short term, as we are now aware!
In short, high-grading refers to the practice of mining selectively and targeting high-grade areas of a mine while leaving lower-grade ore untouched. In some cases, the lower-grade ore that is left behind by this practice cannot be mined economically anymore and therefore becomes waste.
https://dailynewsegypt.com/2015/06/07/sukari-gold-mine-production-to-increase-to-500000-oz-by-2017-chairman/
https://www.egypttoday.com/Article/3/39866/Sukari-gold-mine%E2%80%99s-reserves-rise-to-8M-ounces
Then LONDON, May 25 (Reuters) - Gold miner Centamin has made a drastic cut to its full-year production guidance and raised its cost expectations because of lower grade ore at its Sukari mine in Egypt.
https://www.reuters.com/article/centamin-outlook-idUKL5N1SW0YE
https://www.stockmarketwire.com/article/5985904/Centamin-cuts-production-guidance-for-2018.html
https://www.gold.org/about-gold/gold-supply/responsible-gold/all-in-costs
https://visiblealpha.com/kpi-guides/gold-silver-mining-kpis/
Year 2018 demonstrates just how unreliable past guidance forecasts have been even over a three week period!

Ore Grades and AISC
ttps://www.gold.org/about-gold/gold-supply/responsible-gold/all-in-costs
https://visiblealpha.com/kpi-guides/gold-silver-mining-kpis/

Or possibly due to awaiting some some further data from the ongoing Sukari recourse survey for the life of mine survey?
Notifications of the date change were sent out to all investors that are registered via the Cey website for email updates.
The Endeavour bid was a joke bearing in mind the development of Sukari alone was in excess of $1.5 billion!
At the time Endeavour were desperate for cash and according to an independent analyst opinion had greatly over valued the future potential of some of the mines in their portfolio.
https://www.reuters.com/article/us-centamin-m-a-endeavour-mining-idUSKBN1ZD1CN

Hi Candid,
We had predictions of 560,000ozs & 600,000 ozs in the past, but those estimates were probably based on flawed or unreliable data and of course a desire o tell the market what they thought it wanted to hear!

Possibly lesser ounces achieved at a lower AISC is'nt a bad thing?

Hi Candid,
In the past far too often future targets have proven to be unreliable to say the least for which the market has inflicted a terrible retribution on the share price.
Don't wish to go over old ground, but long term holders came to regard the forward estimate and of guidance by Andrew Pardey and Youssef El Raghy as "Pie in the sky and as dependable as a chocolate tea pot.
The same can be said regarding the past "Wish List" of future guidance and the possible worth of some mines in the West African portfolio.
I understand that it suits shorter term holders /especially day traders strategies to have a management who is prepared issue RNS statements and deliver webinars that amplify the normal,even the mediocre to the exceptional, so as to excite the share price to spike.
This type of sharp practice, or in some cases intentional deceit by some less scrupulous boards and their CEO's in far too many companies lead to instability in the markets and loss of trust.
it is apparent that some newer members on here have a growing impatience because they feel nothing is happening and its all taking too long.
It is also noticeable recently that that there are some members who out of spite or pent up frustration resort to making derogatory, even spiteful comments because they had hoped to be able to pop in on here a few times and pick up some snippets of market sensitive information in order to make a quick profit and move on elsewhere to do the same.
As some of us maybe aware its not feasible or probably not even allowed for the company to be delivering more regular updates until the the situation is properly assessed the facts are proven and it is the right time.
I am confident that before much longer it will become apparent just what Martin Horgan has achieved thus far and the new course the company will be taking in the future.

Martin Horgan likes to be sure that he is making forward strategy based on trustworthy sound analysis and the the present facts,
Hence his decision to reevaluate the geology of Sukari site and surrounding area's.
I have every confidence in him.

hi Candid,
The famous quote “White man (sometimes paleface) speaks with forked tongue” of the native American "Nez Perce" sum's up Sébastien de Montessus and the Endeavour bid.
The tycoon spearheading the £1.5billion hostile bid for London-listed miner Centamin is under investigation for corruption, The Mail on Sunday can reveal.
https://www.thisismoney.co.uk/money/markets/article-7767529/Boss-1-5bn-bid-gold-miner-Centamin-faces-bribe-probe.html
https://www.occrp.org/en/daily/7895-french-ceo-charged-for-shady-deals-in-namibia
https://www.reuters.com/article/areva-uramin-idUSL5E8CP2GT20120125
Endeavour were desperate to get hold of the Centamin $300 million cash and the thought easy access to Eygpt and Sukari they were less than honourable in the tactics they employed to try and convince institutional investors and Centamin share holders of the benefit''s of what amounted to an asset stripping of Centamin.
At the time of the bid a large brokerage was in favour because they had given their clients poor advice to invest in Endeavour based on "Pie in the sky" overvalued mediocre reserves and mines Sawiris the Egyptian billionaire was also desperate for the bid to succeeded because he had made some very investments decisions connected to the endeavour portfolio.
During the Endeavour bid there were pro takeover 'Trolls" tasked to post "Bullsh*t) on various various forums trying to promote the advantages of the bid although in reality it would have been a very sad day indeed for Centamin shareholders!
There is much more that could be said about this but it would be going over old ground and there is little point.
Just remember their are some miners who regularly make exaggerated claims in webinars and glossy media publications about their discoveries to bring in traders/investors cash which they can use to try and dig themselves out of a overvalued pit to hide their incompetence and keep the sham going!

People may or may not be whomever they so choose on internet forums such as this so assumptions may,or may not be right.
However I also want to see results, but that said surely such a huge and potentially hazardous operation must be expected to take time and according to the information available open pit clearance work is ahead of schedule?
I appreciate that some newer share holders are possibly frustrated and feel the need to let off steam as it were, although I don't recall ever claiming to be a mining professional, but I am fortunate to be able to call on other's who are and they seem to think that things are being now being done in the correct manner at Sukari which I find most reassuring
Martin Horgan has a proven track record and is highly respected in the gold mining industry, from your comments it seems that you know either very little or nothing about him.
If you are as experienced in mining as you claim then perhaps you would like to enlighten us less experienced of how you would have tackled the problems at Sukari and in what time frame you would have completed the work?
You will have the opportunity on 08th Dec 2021 during the Q&A session of the webinar to put your questions to Martin Horgan regarding your frustration regarding the time the remedial open pit work has taken.
Or if you prefer there is an invitation on the Centamin for investors to submit their questions prior to the next webinar and you can be assured that all investors questions and suggestions are read and are taken seriously, although as you are most likely aware we are in closed period now until after the 08th Dec 2021
i appreciate that you don't care to learn anything about the man who is now the CEO of the company you have invested in, although if you knew a little about him then it may help you to understand his methods of working and his strategy for the future.
As you may be aware there are several long term holders on here who are former mining professionals and one of them has extensive working knowledge of the actual Sukari site, so I am sure that he would be able to understand your alternative operational strategy to restore the site to full production.
Despite many of us not being fortunate enough to posses your claimed experience or understanding of the mining industry and likely not understand all the technicalities of your proposals, we are keen to learn and no doubt all share holders would be delighted if you were able to come up with a more efficient, possibly faster way to restore, or indeed improve the future Sukari production output.
Whatever its always good to be able to learn from other members knowledge and experience on all manner of subjects posted on this forum.

Hi MrGnome, the US has never bothered really try to understand why the Twin Towers were attacked in the first place, or that it could possibly be in any way due to long standing frustrations directly related to American foreign policy and manipulation of the worlds markets other nations economies.
No instead the US behaved in its usual manner of a military invasion of another country and told lies to its allies to get them involved, as usual the US campaign was a waste of lives and money for all concerned until the lunatic Trump decided to pull out and leave the messes of fleeing migrants for its allies UK & Europe to deal with.

Hi Spoon ,
I feel pretty certain that some of the former mining industry mining professionals and long share holders might well enlighten you as to the complexity of the challenge the open pit at Sukari presented, there was no quick fix.
At least now we have a CEO who is intent on doing the job properly!